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Dec 27, 2012
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and we'll come back to washington, d.c. sunday evening, 6:30 p.m., no later than. >> let's talk about the senate minority leader, mcdonnell, saying hopefully there's time to get this fixed. is there time? >> i think there is. you know, we have done our business in the house of representatives. we have sent a bill to the senate which says we will keep all these tax rates where they are and the senate must act on that bill. that election. -- legislation. we don't need to talk about people getting together in a room to come up with a deal. we need to do that which is pragmatic and keep the money in the pockets of the american people. right now the spending problem we have in washington, d.c. is affecting this country. we have not had a budget passed by the senate in the last three or four yours. we're telling the american people they have to tighten their bootstraps but we do not want to do that in washington, d.c. we have a federal reserve printing more money to the tune of $45 billion a month to buy up treasury bonds, which
and we'll come back to washington, d.c. sunday evening, 6:30 p.m., no later than. >> let's talk about the senate minority leader, mcdonnell, saying hopefully there's time to get this fixed. is there time? >> i think there is. you know, we have done our business in the house of representatives. we have sent a bill to the senate which says we will keep all these tax rates where they are and the senate must act on that bill. that election. -- legislation. we don't need to talk about...
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Dec 27, 2012
12/12
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you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to do something, all evidence to the contrary, how would you invest, and when you recognize that none of us probably know and got it wrong the last time the debt ceiling came around. still be conservative and get some great balance sheet, but some names like john ehrlichman. could go savnlt these are names with big balance sheets will last you through to the. >> rick santelli, we spoke to you earlier on the show, did i get the impression that you're feeling a little more helpful? are you feelingmore so after speaking with the senators. >> i think the party will be with the parties doing the right place to actual
you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to do something, all evidence to the contrary, how...
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Dec 17, 2012
12/12
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we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. shares of sprint today dropping today after the telecom giant announced the remaining stake it does not own. sprint is one of the best performing stocks in the s&p 500 this year. is there still room to run for the stock or are you better off with larger competitor verizon? on
we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national....
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Dec 26, 2012
12/12
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house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the
house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official...
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Dec 4, 2012
12/12
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jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cu
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good...
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Dec 27, 2012
12/12
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there's no resolution to the fiscal cliff out of washington yet. should we rule out any hope of a last-minute deal before year's end. texas senator kay bailey hutchinson joins us to give us their views. plus, we have a host of market experts weighing in on the odds of a u.s. debt down gradient if the u.s. can't get its house in order by next year. let's see if that will derail the housing industry that picked up steam this year. it's all ahead. mandy is joining me ahead for the last hour of the day on "closing bell." >> bill, thank you very much. >>> before we get to the secret stock, there it is, zesears. according to a republican house aid, the gop or the house will reconvene 6:30 p.m. on sunday night. so here we go, folks. you were talking about a potential last-minute deal. guess what, congress is still out. according to republican aid, they will be coming back to the house beginning a session at 6:30 sunday night. look at the markets. we're still down 99, folks. far right side of your screen. we are seeing a bit of a turn. we had the reid comm
there's no resolution to the fiscal cliff out of washington yet. should we rule out any hope of a last-minute deal before year's end. texas senator kay bailey hutchinson joins us to give us their views. plus, we have a host of market experts weighing in on the odds of a u.s. debt down gradient if the u.s. can't get its house in order by next year. let's see if that will derail the housing industry that picked up steam this year. it's all ahead. mandy is joining me ahead for the last hour of the...
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Dec 29, 2012
12/12
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. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they'r
. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related...
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Dec 30, 2012
12/12
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WBAL
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. >> talks hit a snag in washington with president obama and house speaker john been unable to reach a deal. senate leaders stepped in to get a compromise before tomorrow's deadline. today they announced they have hit a wall. >> even if lawmakers are not running out of ideas, they are running out of time. the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting strategy. president obama blamed the impasse on republicans. >> the way they are behaving is there on the priority is making sure the tax breaks for the wealthiest americans are protected. >> on sunday, the president talked about his plan b. he wants the senate to vote on extending tax cuts to everyone bu
. >> talks hit a snag in washington with president obama and house speaker john been unable to reach a deal. senate leaders stepped in to get a compromise before tomorrow's deadline. today they announced they have hit a wall. >> even if lawmakers are not running out of ideas, they are running out of time. the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner....
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Dec 17, 2012
12/12
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in downtown washington we found people demanding tougher gun control laws. the powerful pro gun lobby. but it was lifetime nra member joe mansion making news today for his call for reasonable restrictions on guns. >> we can protect the second amendment rights. we definitely can protect it. and we will protect it. but we can look at also ways that we can make our country and our children more safe. i really believe that. that we could sit down and have that dialogue and hopefully movement on that. >> and this afternoon senator patrick leahy announced on the senate floor that he will hold gun safety hearings early next year. >> all right, hampton. thank you so much. fast money beginning in just a few minutes. melissa lee has the preview. >> at the top of the hour on "fast money," with apple continuing its collapse our traders will give you the five text stocks you want to own instead of apple going into the new year. and what does it look like for the mortgage intersection redestruction? analysts will give you the plays you want to play and also the plays you
in downtown washington we found people demanding tougher gun control laws. the powerful pro gun lobby. but it was lifetime nra member joe mansion making news today for his call for reasonable restrictions on guns. >> we can protect the second amendment rights. we definitely can protect it. and we will protect it. but we can look at also ways that we can make our country and our children more safe. i really believe that. that we could sit down and have that dialogue and hopefully movement...
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Dec 28, 2012
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thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> breaking news now. the associated press reporting that retired general norman schwarzkopf one of the heroes of the first gulf war has died in tampa, florida. he w
thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i...
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Dec 28, 2012
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level of a parent kind of corporate hesitancy about their actual business given what is going on in washington. i don't really think that the tangible stakes are that high for most businesses. it just happens to be this overhang. so i do think that is a major concern and really i think that -- >> you can paint it another way. >> hold it. both you guys said that the debt ceiling is a major concern for corporations. >> yep. >> tell me why that is. i'm on the other side of the fence. i don't agree with that. i think once we get, once the corporations know what the bargain is, the grand -- they have some certainty, the biggest risk is this. >> what is the trade-off to raise the spending limit? the trade-off is likely to be the republicans are going to want spending cuts. that is why it is. >> we've been there before with debt ceilings and we've always gotten through. we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue.
level of a parent kind of corporate hesitancy about their actual business given what is going on in washington. i don't really think that the tangible stakes are that high for most businesses. it just happens to be this overhang. so i do think that is a major concern and really i think that -- >> you can paint it another way. >> hold it. both you guys said that the debt ceiling is a major concern for corporations. >> yep. >> tell me why that is. i'm on the other side of...
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Dec 27, 2012
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to be watching the news out of washington. we're going to be watching the vices to get a gauge of good opportunities to buy high quality dividend-paying stocks. >> okay. all right, brickland, going to have to be quick. what do you expect? >> i think data is on the sideline. all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen eye on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us today and we will watch very carefully. tomorrow could be very, very interesting. that does it for us. thank you for watching. >> indeed. "fast money" starting right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's t
to be watching the news out of washington. we're going to be watching the vices to get a gauge of good opportunities to buy high quality dividend-paying stocks. >> okay. all right, brickland, going to have to be quick. what do you expect? >> i think data is on the sideline. all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen...
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Dec 28, 2012
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>> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's 20%. if there are going to be the spending cuts, that what we want to hear, john boehner. he's the adult in the room right now, guys and is looking like the bad guy because we have to stop the spending cuts. hitting the ceiling on the debt ceiling by monday. $16.3 trillion. you can't put a band-aid on this and suspect everything is going to be great and have howie mandel say deal or no deal. not good for the overall markets or economy. >> it's clear that revenue is not on the table. >> what do you do, run for the s? panic is not an investment strategy. give us some go
>> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's...
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Dec 16, 2012
12/12
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what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. this toothpaste. their conclusion? [ male announcer ] at scottrade, we believe
what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am...
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Dec 28, 2012
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yes, milk cliff in 1929 a farm law was passed that had washington buy milk at inflated prices. if there's not a move to get a new bill, we'll all pay the price. phil is joining us. how much could a gallon go up to? >> well, mandy, you're right. it could go up probably $3 a gallon. it's not just about a milk cliff. while everybody is talking about the fiscal cliff, there's a farm cliff. secretary vilsack has been calling on the industry, calling on the senate and congress for months to avoid this problem because if the farm bill expires, we've got some real issues. >> so what do you think we should do, phil? what's the solution? >> well, bottom line is we've got to get everybody in washington to wake up. the senate passed it. the house ag committee passed it, but, you know, the house has really not allowed the debate to happen so as a result we've got all of this stuff happening and my fear is we're going to get lost. let's not forget, we've seen prices increase over the past two years dramatically, and especially after this summer's drought, prices went up even more. they're go
yes, milk cliff in 1929 a farm law was passed that had washington buy milk at inflated prices. if there's not a move to get a new bill, we'll all pay the price. phil is joining us. how much could a gallon go up to? >> well, mandy, you're right. it could go up probably $3 a gallon. it's not just about a milk cliff. while everybody is talking about the fiscal cliff, there's a farm cliff. secretary vilsack has been calling on the industry, calling on the senate and congress for months to...
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Dec 18, 2012
12/12
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which makes me think thanks washington for nothing. they would do little to save the financial mess. gimmicks, all gimmicks. coming up, picking tea party favorite for the senate seat. reaction on what it means for the future of the g.o.p. copd makes it hard to breathe, but with advair, m breathing better. so now i cane in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to he improve ur lung function all day. advair won't replace fast-actininhalers for sudden symptoms and should not be used more than twice a day. pele with copd taking advair advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition if you're still having difficulty breathing, improve your lung function. get your first full prescription fr and save on refills at advaircopd.com. gerri: liberals love to say the g.o.p. is the all white male party, but senate rep
which makes me think thanks washington for nothing. they would do little to save the financial mess. gimmicks, all gimmicks. coming up, picking tea party favorite for the senate seat. reaction on what it means for the future of the g.o.p. copd makes it hard to breathe, but with advair, m breathing better. so now i cane in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting...
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Dec 28, 2012
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just about the only thing going on in washington here today. if the white house knew that the president was not going to, making a new offer here today, a lot of the speculation that was going on early and mid-afternoon might have not been healthy necessary for the deal-making dynamic here, because a lot of people were speculating that in fact there was a deal, a mini proposal, something coming new from the president, and then we get to the meeting and find out, in fact, no new offer from the president, reiterating what he said last week on friday, so the speculation got well ahead of events here, and that sort of lends to an air of disappointment here in washington and up there on wall street. we still don't know what exactly happened in this meeting so we're waiting to find out. >> obviously the fiscal cliff is the crisis du jour, chad, were you saying you would prefer to use dips as opportunities. where do you think we will be 12 months from now? no doubt there will be another crisis that we're talking about in 12 months time. what it is we
just about the only thing going on in washington here today. if the white house knew that the president was not going to, making a new offer here today, a lot of the speculation that was going on early and mid-afternoon might have not been healthy necessary for the deal-making dynamic here, because a lot of people were speculating that in fact there was a deal, a mini proposal, something coming new from the president, and then we get to the meeting and find out, in fact, no new offer from the...
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Dec 22, 2012
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washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays,and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend ta cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday ttry to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get th
washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to...
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Dec 28, 2012
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FOXNEWSW
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. >> right now the spending that we have in washington d.c. is affecting this country. >> i hope the speaker and his republican party will be here, democrats, working to finish the task in reaching an agreement to avert the fiscal cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot of cut to the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and har
. >> right now the spending that we have in washington d.c. is affecting this country. >> i hope the speaker and his republican party will be here, democrats, working to finish the task in reaching an agreement to avert the fiscal cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax...
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Dec 27, 2012
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>> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is not an immaterial risk. positioning portfolios, this is not an environment to hide and cash in treasuries but not blindly buy any and all equities out there, you pick the risks you take, buy quality dividend companies to protect those portions of your portfolio you're taking some equity risk with. use covered calls and sell options to cap your upside but give you extra cash flow in the other two environments, then use other defensive mechanisms, risk taking but still defensive in orientation. high yield bonds, bank loans, sovereign debt in the emerging markets getting 5-7% interest payme
>> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is...
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Dec 10, 2012
12/12
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you have two politicians in washington doing what needs to be done for the better of the country, and i agree it's a good thing, and maybe they went to see lincoln together to see if they can get something done like lincoln did. >> a bromance going on. >> this is not the end-all be all of the negotiations. there's a lot of big and hairy problems facing the country that president obama and congress will want done, so there's a lot of room and space and time, four long years for negotiations. sometimes the democrats will have more leverage and sometimes the republicans will have more leverage. >> right. people yell it's not fair, it's not fair, everybody does it. >> it's not four years. we will have a debt ceiling conversation in a few months. you have to remember that this is rapid fire. as soon as we get passed the fiscal cliff, president obama will have to meet again with boehner to discuss the debt ceiling. >>> steven baldwin was arrested and when he was released he wanted to come on this show and explain himself. that's next. how do you get fr. to here? at university of phoenix we'
you have two politicians in washington doing what needs to be done for the better of the country, and i agree it's a good thing, and maybe they went to see lincoln together to see if they can get something done like lincoln did. >> a bromance going on. >> this is not the end-all be all of the negotiations. there's a lot of big and hairy problems facing the country that president obama and congress will want done, so there's a lot of room and space and time, four long years for...
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Dec 27, 2012
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what on earth is happening in washington, folks? when we run through what exactly no deal means for you step by step just how annoyed are you going to feel? lots of things coming up on ""street signs."" >> i'm annoyed, mandy. four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at stake for all-americans if washington can't come to some sort of agreement before the deadline. while some groups will be impacted differently, the key here is that everyone will be paying more. consider those who make roughly $20,000 a year or less. they'll be paying on average $412 more. if your salary is in the $64,000 range, you're going to be paying almost $2,000 mosh. remember, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000,
what on earth is happening in washington, folks? when we run through what exactly no deal means for you step by step just how annoyed are you going to feel? lots of things coming up on ""street signs."" >> i'm annoyed, mandy. four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at...
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Dec 20, 2012
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one is a drama and the other has turned washington into a side show. washington -- >> all aboard! >> wall street. which is exactly as it should be. let's go to mickey in michigan. mickey! >> caller: booyah from michigan, jim. >> i'm liking michigan. i'm liking brady from michigan. can you believe he was a walk on? >> caller: today they said their car use is up, they're hiring folks from more business. is it time to get more of discover? and second one, do you think ebay can squash them and buy them out? >> no, i don't think they'll do that. i do like ebay very much. i actually like discover. but it's mastercard, then ebay, then discover. i was a little surprised it was a little weak but the stock has had a major run. john in california. >> caller: booyah, jim, from the sacramento valley of northern california. >> what's going on? >> caller: anyway, i got -- i noticed some activity in the house building around here back around northern california, sacramento valley. my play is berkshire b. what do you think of that? >> i think it actually max sense temperature i campaigned for that
one is a drama and the other has turned washington into a side show. washington -- >> all aboard! >> wall street. which is exactly as it should be. let's go to mickey in michigan. mickey! >> caller: booyah from michigan, jim. >> i'm liking michigan. i'm liking brady from michigan. can you believe he was a walk on? >> caller: today they said their car use is up, they're hiring folks from more business. is it time to get more of discover? and second one, do you think...
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Dec 26, 2012
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you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's no real cuts in the cliff. >> you guys sound like congress. keep on arguing behind the scenes. enjoy yourselves. thank you so much, michael. peter, you're sticking around. >>> meantime, the fiscal cliff may be a big deal but there is another threat out there which might be in the short term more risky. the container cliff. businesses up and down the eastern seaboard are bracing for a massive port showdown as unions threaten to strike and possibly shut down most imports and exports out of this country. let's add in cnbc contributor jimmy peeb. we focus so much on the fisca
you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's...
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Dec 26, 2012
12/12
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are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next fi
are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ]...
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Dec 4, 2012
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saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on the hill. talking with those republican members today, it seems like the speaker still has the upper hand. that's going to narrow some of the running room that the speaker has going forward. very, very dicey situation for speaker boehner today. >> all right. we'll be watching that. thank you so much, eamon. want to get to mary thompson now. >> pandora reporting an adjusted loss for the quarter -- adjusted earnings, i should say. up five cents a share on revenue of $120 million. the company also gave guidance for the fourth quarter, seeing an adjusted loss for that period. up 6 to 9 c
saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on...
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Dec 5, 2012
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does anybody in washington think about spending and help the taxpayer? spending is going to get done and it is going to include spending. the question when those details come out is will the president face the problem on the left of trying to herd cats here. rather than focused on the priority. they are going to have to be part of this deal. so how obama manages the left is something that we are going to have to pay attention to as well. >> let's continue this discussion. here now is karen finney. we have david webb. let me go to you, guy benson. it sounded to me like president obama talking about tax rates. >> is this dead or still alive? >> it is still alive. and it is ugly. but the piece that you mentioned. setting aside some of the substance here. there is a new poll out today that shows the public unchanged. it has been that way for weeks now. they had a proposal and i think it is middle ground and they put it in a letter and leaked it to the press. i think you heard what you heard from the president all along. >> i have to say, i agree with guy. pa
does anybody in washington think about spending and help the taxpayer? spending is going to get done and it is going to include spending. the question when those details come out is will the president face the problem on the left of trying to herd cats here. rather than focused on the priority. they are going to have to be part of this deal. so how obama manages the left is something that we are going to have to pay attention to as well. >> let's continue this discussion. here now is...
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not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, t means that those that are negotiating, such as secretary geithner,they probably don't feel bound by what the president is saying. this is the first gammons and certainly not a serious offer. >> mitch mcconnell laughed out loud on camera at the plant. what do you make of that? >> he had every reason to. let's look at this plan for what it is. a massive tax hike. instead of offering tax hikes, which is something that republicans have been mandated, he wants
not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being...
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Dec 24, 2012
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john: you fly them to washington d.c. because? >> the world war ii memorial was not built until 2004. of the last of the memorial's. 65 years later by that time the veterans are in their 80s or 90s and did not have the means financially are physically to make it. john: very few have seen it. >> amazingly many veterans have not flown since world war ii. honor flight completely raise as the money and wanted to thousand veterans have had a chance to see their memorial. >> it is to say o a veteran thank you even after 70 years we know what you did and to give someone that gift is amazing. john: you hear about this and you make a movie posted a reason dot com? >> my business partner posted the video on veterans day 2009. it bought 35,000 views but more e-mails than ever before to people say i am crying. this reminds me of my father or grandfather and what it means to be an american. we had to make a bigger move the. the next thing we knew we quit our jobs, restarted a company to make the film and once you go on the flight you understan
john: you fly them to washington d.c. because? >> the world war ii memorial was not built until 2004. of the last of the memorial's. 65 years later by that time the veterans are in their 80s or 90s and did not have the means financially are physically to make it. john: very few have seen it. >> amazingly many veterans have not flown since world war ii. honor flight completely raise as the money and wanted to thousand veterans have had a chance to see their memorial. >> it is...
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Dec 28, 2012
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all we need to just suck it up, take the consequences of all of the provely gacy over the years in washington, d.c. when they say cut spending, mean it. >> mean it. >> efficient the fiscal cliff, it should be called the obama cliff and swan dive over it. good idea or bad idea? >> yeah. i think that would be part of accepting all the consequences and letting the chips fall where they need to fall. but i think what the house republicans need to do especially, knowing that they had whatever mandate they did have after the election, house to be the opposition party, to stand for core limited government principles and not sell us down the river. particularly all the small business operators and entrepreneurs trying']jñ to kep their head above water. >> thank you very much. have great weekend. >> you too. >>> we have senate minority leader mitch mcconnell existing the meeting now. we're going to keep our eye out and hopefully one of these guys comes to a camera. in the watch it. former president george bush bush remains in intensive care but good news regarding his condition. we'll have the lates
all we need to just suck it up, take the consequences of all of the provely gacy over the years in washington, d.c. when they say cut spending, mean it. >> mean it. >> efficient the fiscal cliff, it should be called the obama cliff and swan dive over it. good idea or bad idea? >> yeah. i think that would be part of accepting all the consequences and letting the chips fall where they need to fall. but i think what the house republicans need to do especially, knowing that they...
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Dec 5, 2012
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tracie potts in washington. thanks. >>> overseas now where more massive anti-government protests are occurring in egypt today. the demonstrators say the rallies are a last warning to president morsi over his seizure of almost unrestricted power. and the adoption of a new constitution. about 100,000 people protested. the opposition forces have not yet decided whether to vote no in a constitutional referendum this month or to call for a boycott. >>> this morning u.n. secretary general ban ki-moon hinted he is not in favor of granting asylum to assad if he flees. with the civil war moving in on the capital of damascus, nato has approved turkey's use of the patriot anti-missile system along its border. the move comes amid growing fears syria will attack touree and/or israel, possibly with chemical weapons. >> an update now for you on the condition of the newly pregnant duchess of cambridge who is being treated for severe morning sickness. according to a statement from st. james palace, kate is, quote, continuing to
tracie potts in washington. thanks. >>> overseas now where more massive anti-government protests are occurring in egypt today. the demonstrators say the rallies are a last warning to president morsi over his seizure of almost unrestricted power. and the adoption of a new constitution. about 100,000 people protested. the opposition forces have not yet decided whether to vote no in a constitutional referendum this month or to call for a boycott. >>> this morning u.n. secretary...
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Dec 10, 2012
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>>guest: well, we don't need anymore revenue in washington, that is clear. we have enough revenue to run our constitutional functions but if we are going to talk about making a deal with the democrats, be serious about it. so far, neither has been matter serious. if republics want to talk about it they have to put pentagon spending on the table. if democrats want to talk about it we have to have entitlement reform but the deal has to be bigger than we are talking about. right now they are only talking about dealing with things that could resolve a tenth of the problem. we need to resolve the whole problem because we headed for a real financial crisis. >> you don't like the idea of making a promise to address the more serious issues next year, you want did see some numbers, even tentative numbers, this year. >>guest: well, congress has been making promises for decade and that is why we are where we are and we have a $16 trillion debt. every person in this country has $50,000 in debt that is responsible, the responsibility congress. that is where congress put
>>guest: well, we don't need anymore revenue in washington, that is clear. we have enough revenue to run our constitutional functions but if we are going to talk about making a deal with the democrats, be serious about it. so far, neither has been matter serious. if republics want to talk about it they have to put pentagon spending on the table. if democrats want to talk about it we have to have entitlement reform but the deal has to be bigger than we are talking about. right now they are...
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Dec 26, 2012
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>> caller: washington redskins booyah p rg3 nation stand up. >> dan snooid ser your owner. have you thought about that at all? >> caller: i have a quick question. >> sure. >> caller: when the market is overbought, should i go for the long-term? >> when it's overbought, my own rule is that plus five, if we're very overbought, hey, take a pass. another time will come. however, you can get started small and hope it comes back if you just can't resist. sam in ohio. sam. >> caller: hey, jim. big glass city booyah to you. >> loving it what's up? >> caller: i got a question. i've been looking at a couple utility stocks, going with preferred instead of the common shares. i wanted to get your opinion on -- >> no, come on, man, we want upside. a lot of these utilities should have to be fabulous growth stocks, particularly in a growth economy. let's just open them outride, we'll do just fine. of course i want you in in market for the long run. you can't beat those high streakly traders. give me a break. i want long-term investing but that does not mean buy and forget. for the long hau
>> caller: washington redskins booyah p rg3 nation stand up. >> dan snooid ser your owner. have you thought about that at all? >> caller: i have a quick question. >> sure. >> caller: when the market is overbought, should i go for the long-term? >> when it's overbought, my own rule is that plus five, if we're very overbought, hey, take a pass. another time will come. however, you can get started small and hope it comes back if you just can't resist. sam in...
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Dec 11, 2012
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. >>> right now on first look, it is crunch time in washington, president obama ratchets up the pressure on lawmakers as they try to hammer out a deal on the fiscal cliff before the holiday recess. >>> new details on a navy s.e.a.l. who died during a daring mission in afghanistan. >>> plus, a fireball over texas, and more dogs behind the wheel. good morning, even. i'm lynn berry. there is a renewed sense urgency in washington as house members returned to town today with just 21 days left to avert that so-called fiscal cliff, and if the framework for an agreement isn't reached by the end of the week, lawmakers could be spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could p
. >>> right now on first look, it is crunch time in washington, president obama ratchets up the pressure on lawmakers as they try to hammer out a deal on the fiscal cliff before the holiday recess. >>> new details on a navy s.e.a.l. who died during a daring mission in afghanistan. >>> plus, a fireball over texas, and more dogs behind the wheel. good morning, even. i'm lynn berry. there is a renewed sense urgency in washington as house members returned to town today...
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Dec 25, 2012
12/12
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but the american public are going to blame washington. whether it's the president, whether it's congress, whether it's republicans or whether it's democrats. i don't think anybody wants the uncertainty and the economic uncertainty is going to result from a fiscal cliff. so i hope that, you know what? i hope santa claus is bring bringing a lot of parachutes and putting them under the tree today because it's time to hope for the best but brace for the worst. >> i applaud your optimism. i really do. >> it's christmas, you have to be optimistic. >> i know. but i have to say that talking to republicans and democrats, they're saying, richard, some of them, politically, it is probably best for them both to go over the cliff because after january 1st, everybody's taxes go up. what do they take a vote on? tax cuts as opposed to before january 1st, they'll have to take a vote on tax increases? >> well, i think the president is keenly aware of the fact that going over the cliff, the so-called cliff without a congressional solution is not good for av
but the american public are going to blame washington. whether it's the president, whether it's congress, whether it's republicans or whether it's democrats. i don't think anybody wants the uncertainty and the economic uncertainty is going to result from a fiscal cliff. so i hope that, you know what? i hope santa claus is bring bringing a lot of parachutes and putting them under the tree today because it's time to hope for the best but brace for the worst. >> i applaud your optimism. i...
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Dec 26, 2012
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meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there. i would put a stop loss at 8715 and my target is 8265. >> nice to see you. hope you had a good holiday. look forward to catching up with you. >> likewise. >> guys, what do you make of what we've seen in dollar yen? weiss, do you have a play? doc? >> well, their market turned on this pretty dramatically. it posted up 1.5% gain on the weakness out of the yen. so if that continues into next year, scott, which based on what he's just said that will not happen, in other words, we're looking at more down side pressure, i think that's good for the markets though. >> joe, tell me why the viewer watching right now should care about what the yen does? >> they should care. this is a se
meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there. i would put a stop loss at 8715 and my target is 8265. >> nice to see...
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Dec 26, 2012
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-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we really do. gregg: good to see you both. >> good to be here. >> thanks so much, gregg. heather: coming up, a potentially major strike threatening the u.s. economy from coast to coast as business leaders ask where is president obama? with poor workers on the brink of a walkout that could cost billions. gregg: and we are learning more about the man who killed two firefighters, upstate new york. we're going to talk with a clinical psychologist about how a man like this could slip through the cracks, a man who claimed in his farewell note that killing peop
-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we...
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Dec 22, 2012
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neil: the class stuff in washington. it can be an impulse purchase. i can just add, th uncertainty. >> about the uncertainty, jobs. the more negative news, the democrats are republicans, it's just not good for business of the consumer psyche. >> a ways on the consumer sentiment. you don't needt. you saw last month for the first time consumer sentiment which have been building since the spring took a backward step by five points. that affects their psyche and attitude. the good news for us is we're in a good price point, not the high-end luxury item. we have a lot of accessible ice points, so we are not as effective as a luxury rrtailer might be. neil: you guys find it odd that a lot of people are, i don't know how the numbers will bear this season, but they are not into it. we could look at the shooting last week, look at sandy one month ago, but there is something about this season where it is not connecting. >> first of all, we are today's further away than we were last year. last year we were to this for christmas, now four. in the consumer-2 have
neil: the class stuff in washington. it can be an impulse purchase. i can just add, th uncertainty. >> about the uncertainty, jobs. the more negative news, the democrats are republicans, it's just not good for business of the consumer psyche. >> a ways on the consumer sentiment. you don't needt. you saw last month for the first time consumer sentiment which have been building since the spring took a backward step by five points. that affects their psyche and attitude. the good news...
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Dec 28, 2012
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when do they get anything done in washington 12,000 e-mails. i don't think i sent 12,000 e-mails in my life. >> andrea: the biggest failure under her watch was the keystone pipeline. her administration blocked the keystone pipeline. actively her and her boss' orders. she could go. goodbye. >> eric: juan, quickly. she could step aside and not answer. just she should answer. if you're avoiding having your e-mails seen and understood as a public official you are wrong. she has been outstanding public servant. the environmentists are disappointed obama hasn't listened to her more, especially on fracking and pipeline. i know the right thinks he hasn't done enough but that is part of the story. >> kimberly: why was she pretending to be a man? >> eric: very strange. >> kimberly: very, very strange. >> eric: we'll dig in to that. gun owner and defend over the second amendment i resent michael moore's racist comments. you won't believe what he said now. coming up. ♪ ♪ okay, here's the plan. you have a plan? first we're gonna check our bags for free,
when do they get anything done in washington 12,000 e-mails. i don't think i sent 12,000 e-mails in my life. >> andrea: the biggest failure under her watch was the keystone pipeline. her administration blocked the keystone pipeline. actively her and her boss' orders. she could go. goodbye. >> eric: juan, quickly. she could step aside and not answer. just she should answer. if you're avoiding having your e-mails seen and understood as a public official you are wrong. she has been...
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Dec 21, 2012
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i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a big automatic tax increase that happens january 1. john boehner is -- gerri: i don't think all americans have their arms around this situation. what would be the real change when these ax hikes going to affect? >> we are focusing a lot on these rate hikes going on. you are also looking at something that hasn't gotten a lot of attention, which is a slew of obamacare that are hitting on january 1. a lot of others are taxes that are going to get americans when they can least afford it. there a lot of tax increases are going to hit this economy hard. we need
i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a...
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Dec 18, 2012
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can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our aim economy monday jaf verse is live. good morning. >> reporter: good morning. briefing them on where they stand on fiscal cliff negotiations with the president and floated this idea of a two-track process where they would go ahead with a plan b option. take a listen to the speaker talking about what this plan b would actually be. >> our plan b would protect the american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the white house that would reduce spending as well as revenues on the tabl
can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our...
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185
Dec 12, 2012
12/12
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MSNBCW
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joining me in from washington, kelly o'donnell. let's talk about why the conversation last night fell apart with the president and the speaker. this issue of extending the tax cuts for the wealthy. speaker boehner said that was not a part of his proposal. >> one of the things we have been observing is the president and speaker have been trying to lockdown as much as possible the secrecy or privacy may be a better word of their conversations to get to an eventual deal if they can get there. by that i mean there fewer staffers involve and member who is would typically have standing to be included in these negotiations. it's such a tight focus of the president and the speaker. characterizing the nature of the phone calls is keeping the public aspect moving forward. it allows the president to have public events. we have seen him meet with business leaders and mayors and be able to make his argument to the american people. republicans had a harder time of that because they are not in the same position to hold the public events. speaker
joining me in from washington, kelly o'donnell. let's talk about why the conversation last night fell apart with the president and the speaker. this issue of extending the tax cuts for the wealthy. speaker boehner said that was not a part of his proposal. >> one of the things we have been observing is the president and speaker have been trying to lockdown as much as possible the secrecy or privacy may be a better word of their conversations to get to an eventual deal if they can get...
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Dec 29, 2012
12/12
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FBC
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he said that outside of washington, people do not seem to understand why this is a repeat problem. that is that congress can't make a decision. and that regular people meet their deadlines. are you confident that we can get something done here? do you think that december 31, will come and go when we will have nothing in hand? >> look, i think the prsident and his sanctimonious lecture that he wants to give congress about not doing his job -- he needs to premiere on himself as well. he knows that there could be a deal. if he puts them on the table, whetr it is eligibility age for medicare, something that will fundamentally reform medicare, the poor, he would get a deal -- enough votes to pass something easily. and he had some real fundamental spending cuts. the problem is the tax increases happen immediately. the spending cuts take it down, and they never end up happening. that has always been a bear trap that republicans have gone ourselves in. i don't think they are going to fall foor. i don't think anyone will remember mr. mccaul or john boehner's name 10 years from now. the true
he said that outside of washington, people do not seem to understand why this is a repeat problem. that is that congress can't make a decision. and that regular people meet their deadlines. are you confident that we can get something done here? do you think that december 31, will come and go when we will have nothing in hand? >> look, i think the prsident and his sanctimonious lecture that he wants to give congress about not doing his job -- he needs to premiere on himself as well. he...
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Dec 13, 2012
12/12
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FBC
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i guess that is the exact same thing that needs to be going on here in washington. speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: the crazy part is that we should have been at the kitchen table in september. instead you have eric cantor saying don't make holiday plans, we will be here until the lights go on december 31. >> it actually goes back further than that. for the last two years, republicans have asked this administration to do what you're saying you're going to do very come to grips with your so-called lanced approach. for two years, we have been asking the administration to do that. back from when we pass the budget control act and the so-called super committee. we have been asking the president come to grips with the spending issue. he does a lot of good talking on the tump. maybe you can use your marriage analogy a little further. he has dalliances with special interest groups. when he comes back to washin
i guess that is the exact same thing that needs to be going on here in washington. speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: the crazy part is that we should have been at the kitchen table in september. instead you have eric cantor saying don't make holiday plans, we will be here until the lights go on december 31. >> it actually goes...
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Dec 21, 2012
12/12
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CNBC
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because it's not great in washington. because it hasn't been great in washington. there was a perception when president obama won fairly big, that it would improve in washington. but the people who were voting on this are beholding to their constituents and have taken a no-tax increase pledge. the president won a lot of votes, and it just doesn't work like that. >> we'll be seat agnew congress in -- we'll be seating a new congress in the new year. the house will be republican, the senate will be democrat, but not the 60 votes to override -- >> but we have to give back some of -- people are buying stocks because they thought there was going to be a deal. they have to rethink that. i mean, a lot of hedge funds are thinking, i'm okay, there's really no news between now -- there's a pact among all the research firms, don't issue anything, don't do sells. these guys are obviously not focused on that in washington. you have to roll back some of what's happening. >> right. >> some of what's been good. not all of it -- why were you laughing when i said you said panic was a
because it's not great in washington. because it hasn't been great in washington. there was a perception when president obama won fairly big, that it would improve in washington. but the people who were voting on this are beholding to their constituents and have taken a no-tax increase pledge. the president won a lot of votes, and it just doesn't work like that. >> we'll be seat agnew congress in -- we'll be seating a new congress in the new year. the house will be republican, the senate...
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Dec 11, 2012
12/12
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CNBC
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i came back from washington and i got good news and bad news. the good news they want to rise above the bad news, the republicans want to rise above tax in cricreases and the democ want to rise above spending cuts. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. the nasdaq climbing 1.8%. i hope this mini rally is happening because people have looked over the fiscal cliff and weren't terrified by what they saw. i hope they don't mind government intervention. because they are not going away. i hope that because what i heard in washington today were two sides even though i can tell them that a deal would be done and there would be no vacation without legislation, we'd be in much better shape. i have to tell you, the situation in washington is as discouraging. one after another i started with a too tack. i said let's go there. i said i totally agree the issue of spending not revenues. tell us what you have done to get spending done. did they give you the fellow traveler
i came back from washington and i got good news and bad news. the good news they want to rise above the bad news, the republicans want to rise above tax in cricreases and the democ want to rise above spending cuts. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. the nasdaq climbing 1.8%. i hope this mini rally is happening because people have looked over the fiscal cliff and weren't terrified by what they saw. i...